Lebanese Pound

Lebanese Pound

The currency of Lebanon. It was introduced in 1939, replacing the Syrian pound, though both were pegged to the French franc at the same rate and were therefore worth exactly the same. It was pegged to the British pound briefly during World War II, and suffered a great deal of inflation during the Lebanese Civil War. The Lebanese pound is also called the Lebanese lira because its Arabic name derives from the Ottoman lira.

The legislature also passed a draft law allowing the government to issue Treasury loans in Lebanese liras and dollars to pay the LL120 billion it owes to private hospitals accumulated between 2001 and 2011.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.